Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150

While crypto appears to have at least somewhat stabilized in 2023, bear market conditions continue as prices and trading activity remain muted. The Block, earlier Thursday, reported on more departures at market maker GSR, including at the executive level were Chief Financial Officer Jonathan Hugh has left the comany. “Our business operations and strategy have naturally evolved to respond to changing market conditions,” a GSR spokesperson said.